The market value of synthetic Insecticides is projected to reach $15439.08 million by 2020, growing at a CAGR of 5.60% between 2015- 2020.

Factors driving the markets for pesticides include decreasing arable land, increasing population and the requirement of improving crop yields. On the other hand, regulatory authorities such as EPA (Environment Protection Agency) frequently come up with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing consumer awareness about pesticide consumption, which is expected to be instrumental in slowing down growth in demand for herbicides.

Synthetic Insecticides have been largely responsible for restricting consumption of Synthetic Pesticides following the European Commission's two-year ban on using three neonicotinoid insecticides, including clothianidin, imidacloprid and thiametoxam, starting April 2013. These chemicals have been directly implicated in causing harm to honeybees, in addition to the European Food Safety Authority finding that the use of these insecticides resulted in high acute risks.

Volume consumption for Synthetic Insecticides is expected to post the fastest growth in Asia-Pacific as a result of higher infestation of insects, though North America would continue to retain its highest share. Demand for Insecticides in Asia-Pacific is expected to be driven by established products, with a greater emphasis on using less toxic insecticides, which would hamper growth to some extent.Latin America and parts of Rest of World would also be influenced by this scenario.